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Go fuck yourselves FSG

Neil G

By Neil G,
in FF - Football Forum

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Mil-ing Around
Mil-ing Around

Controversial to many on here but I think they've been good owners. Some real shady cunts tried to buy us from Tom & Jerry.   FSG came in, stabilised us, kept us at Anfield and redevelop

dave u
dave u

Based on replies to my tweet about this, the defence seems to be that because the club pays tax they're entitled to do this. Another argument is that there are wealthier businesses doing the same and

Grinch
Grinch

Same old cuck banging the FSG drum. Shame the French coppers didn’t give him a good kicking.

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FrenchEyeGlass Grand Master

FrenchEyeGlass

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@SwissRamble

Only #LFC spent money on repaying owner debt with £37m in the last 5 years. This reduced the owner loans from the £109m provided in 2015 & 2016 to £71m as at end-June 2021.

 

@SwissRamble

Only #LFC managed to increase their cash in the bank in the last 5 years by £23m from £8m to £31m, though this is still relatively low for a leading Premier League club.

 

@SwissRamble

Zero owner funding for #LFC in the last 5 years. In fact, Liverpool were the only one of the Big Six to make a repayment of owner loans (£37m) and also the only club to increase the balance in its bank account. Took out a £72m bank loan. High capital expenditure at £132m.

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FrenchEyeGlass Grand Master

FrenchEyeGlass

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I don’t think people can really question why some folks are FSG out. I certainly am.

 

Paying back owner loans before player investment. Paying back owner loans over a period of COVID losses and an attempt to utilize furlough. Paying back owner loans concurrent to the owners selling off 10% of equity to RedBird for hundreds of millions. 
 

We do not spent what we earn. That is a fallacy. We spend what we can raise. 

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Barrington Womble Grand Master

Barrington Womble

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I think the whole FSG out thing is largely irrelevant. They don't want to go anywhere and we have no capability to get rid. And if we do get rid, it's just as likely we'd end up with a similar ownership group and no guarantee we'll be better off.

 

We should be trying to make these cunts better owners. We need to remind them of their commitment to resolve the stadium issue - that should have been their capital investment and not ours, after they bought a distressed asset. I've no issue with the idea we build the new training ground, that's a cost of doing business and the sale of melwood and the Axa  sponsorship must have heavily subsidised it. What we certainly shouldn't be doing is thanking them for making money out of us. Like most of this country, we have our share of serfs in the fan base. We can't help but wish our lord and master is better than everyone else's. We should be reminding these cunts every day that they need to improve. 

 

 

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TD_LFC Grand Master

TD_LFC

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53 minutes ago, FrenchEyeGlass said:

I don’t think people can really question why some folks are FSG out. I certainly am.

 

Paying back owner loans before player investment. Paying back owner loans over a period of COVID losses and an attempt to utilize furlough. Paying back owner loans concurrent to the owners selling off 10% of equity to RedBird for hundreds of millions. 
 

We do not spent what we earn. That is a fallacy. We spend what we can raise. 

Owner debt remained unchanged for the past two financial years so we haven't paid back owner loans to cover COVID.

 

The year prior to that (2019) the pay back of loans amounted to 8 million dropping the owner loan from 79 million to 71 million which it stayed at through the 2020 and 2021 financial years.

 

The 'debt' paid back in that period was paying back external 'debt' from the clubs 200 million credit facility (which was renegotiated for a further 5 years in 2020 with the banks) that was drawn down in it's entirety to cover operating shortfalls due to COVID.

 

All clubs have a credit facility and you tend to not want it sitting on your books so putting the money back is prudent.

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TD_LFC Grand Master

TD_LFC

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49 minutes ago, FrenchEyeGlass said:

@SwissRamble

Zero owner funding for #LFC in the last 5 years. In fact, Liverpool were the only one of the Big Six to make a repayment of owner loans (£37m).

This relates to loan repayments only, if you chucked in taking money out of the club through other means then it would be another story and we'd be dwarfed by the likes of UTD (123 million since 2016).

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Barrington Womble Grand Master

Barrington Womble

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2 minutes ago, Harry Squatter said:

 

 

Here's the PR from James Pearce

They make it sound like 1. The money has been invested, when in fact it's borrowed. And 2. The there isn't a return on that borrowing that outstrips the debt repayments. Next they'll be telling us how much it costs to paint the white lines on the pitch. 

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Harry Squatter Grand Master

Harry Squatter

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8 minutes ago, Barrington Womble said:

They make it sound like 1. The money has been invested, when in fact it's borrowed. And 2. The there isn't a return on that borrowing that outstrips the debt repayments. Next they'll be telling us how much it costs to paint the white lines on the pitch. 

We use Covid as an excuse never to spend whereas Everton use it as an excuse to spend more.

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ZonkoVille77 Grand Master

ZonkoVille77

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4 hours ago, TD_LFC said:

Owner debt remained unchanged for the past two financial years so we haven't paid back owner loans to cover COVID.

 

The year prior to that (2019) the pay back of loans amounted to 8 million dropping the owner loan from 79 million to 71 million which it stayed at through the 2020 and 2021 financial years.

 

The 'debt' paid back in that period was paying back external 'debt' from the clubs 200 million credit facility (which was renegotiated for a further 5 years in 2020 with the banks) that was drawn down in it's entirety to cover operating shortfalls due to COVID.

 

All clubs have a credit facility and you tend to not want it sitting on your books so putting the money back is prudent.

 

You defo ram FSG stamped dildos up yer hoop.

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TD_LFC Grand Master

TD_LFC

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6 minutes ago, ZonkoVille77 said:

 

You defo ram FSG stamped dildos up yer hoop.

You can have 101 valid concerns about the owners.

 

The question should be did we need to draw down the credit facility at an interest rate of around 2% to cover the COVID period or could/should FSG have either increased their interest free loan/absorbed the impact of Covid in their own right instead rather than making shit up based on a cursory glance at a bunch of numbers.

 

Facts and feelings etc.

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Captain Howdy Grand Master

Captain Howdy

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3 hours ago, VERBAL DIARRHEA said:

Facts seem to be they don’t like spending on transfers without significant outgoings.

Feelings of most of the fans is natural.

 

It won’t be for much longer. I have never seen a big club acting like this in modern times, they are so loathe to spend any of the Oceans of money they have made out of us it’s unbelievable really, it’s all built and propped up by one man and when he goes it will go South for them very, very quickly.

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VERBAL DIARRHEA Grand Master

VERBAL DIARRHEA

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20 minutes ago, Captain Howdy said:

It won’t be for much longer. I have never seen a big club acting like this in modern times, they are so loathe to spend any of the Oceans of money they have made out of us it’s unbelievable really, it’s all built and propped up by one man and when he goes it will go South for them very, very quickly.

They need to sell up, maximise their profit and fuck off. Ooh what about new owners, be careful what you wish for, we don’t want oligarchs and regimes…..incoming!

 

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